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Jul 6, 2011
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it's a big sum of money. so we spend it in our expenditure levels, defense department, all the way through the agriculture department, everything in between, and we forgive or don't collect the same amount in the tax code. so who benefits from that? well, let's look at the basics. 70% of american taxpayers do not itemize on their tax returns. they file the standard return. they don't itemize. so the tax code doesn't mean anything to them. if there is a special deduction, unless it was a refundable tax credit -- rare category -- it doesn't help them. 70% of americans don't touch it. what are the biggest deductions under the u.s. tax code today? i in all my wisdom and education and experience on capitol hill, i raised my hand to the teacher and said well, it's the mortgage interest deduction, right? wrong. the biggest single deduction is the employers exclusion for health care premiums. so employers are able to exclude from income the amount of money they spend for health insurance for their employees. that's t
it's a big sum of money. so we spend it in our expenditure levels, defense department, all the way through the agriculture department, everything in between, and we forgive or don't collect the same amount in the tax code. so who benefits from that? well, let's look at the basics. 70% of american taxpayers do not itemize on their tax returns. they file the standard return. they don't itemize. so the tax code doesn't mean anything to them. if there is a special deduction, unless it was a...
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coming up today on the big picture. we'll. review the latest in science and technology from the realms. of. covered. download feel official antti applications your i phone or i pod touch from the i choose apps to. watch on t.v. life on the go. video on demand on cheese my fuel costs and already says feeds now in the palm of your. question on the katine dot com. kurdistan central asian country and former soviet republic. in the space of just five years this state has gone through two revolutions the country is divided into two parts both by the mountains and by the unresolved conflict between the developed north and i call cultural south. kurdistan to overcome its political and ethnic standoff could there be a repetition of spontaneous riots involving a mass loss of life. and . tucked away in the mountains one hundred fifty kilometers from the capital bishkek is the village of actos as best only six hundred villagers are left here now. but when kurdistan was part of the soviet union people from all over the republic were eager
coming up today on the big picture. we'll. review the latest in science and technology from the realms. of. covered. download feel official antti applications your i phone or i pod touch from the i choose apps to. watch on t.v. life on the go. video on demand on cheese my fuel costs and already says feeds now in the palm of your. question on the katine dot com. kurdistan central asian country and former soviet republic. in the space of just five years this state has gone through two revolutions...
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Jul 6, 2011
07/11
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. >> you have, you know, there, there's kind of the big polluters and they're indentured servants and on capitol hill and there are phony scientists, you know, we call them biostitutes, and they're, you know. [laugh] .-hey're, and they're think tanks on capitol hill that pretend to love capitalism but really they're about, they're about crony capitalism, not free market capitalism. it's about capitalism for the poor, but socialism for the rich and for corporations. and they're -- one of the great mantras that they've had that's been very effective is that we have to choose between economic prosperity on the one hand and environmental protection on the other, and that's a false choice. >> it's a false choice. >> in 100%. >> right. >> .of the case is good environmental policy is identical to good economic policy if we want to measure the economy, and this is how we ought to be measuring it, based upon how it produces jobs and the dignity of jobs over the generations, and how it preserves the value of the assets of our community. if on the other hand we want to do what the polluters want
. >> you have, you know, there, there's kind of the big polluters and they're indentured servants and on capitol hill and there are phony scientists, you know, we call them biostitutes, and they're, you know. [laugh] .-hey're, and they're think tanks on capitol hill that pretend to love capitalism but really they're about, they're about crony capitalism, not free market capitalism. it's about capitalism for the poor, but socialism for the rich and for corporations. and they're -- one of...
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coming up today on the big picture.
coming up today on the big picture.
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Jul 6, 2011
07/11
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the senate, probably, but the house where there is a big sticking point. they have to come up with something that would clear the house in order to get through congress and become law. that is where they are stuck right now. they will meet thursday at the white house -- republican and democratic leaders together -- and going to try again to talk, but already it sounds like this will be a difficult conversation. yesterday, the speaker of the house john boehner, republican, put out this sort of warning that we could come to the white house and talk -- that is fine -- but it doesn't sound like things will go very far, he said, unless the president understands that republicans are not willing to raise taxes. as i said earlier, the president over the said we need a compromise, we need something that involves both cuts, which is what the republicans want, and ways to raise revenue. >> have democrats compromised on the hold medicare cuts issue? guest: right now there -- what to do with medicare and medicaid. i know the republicans said they want to raise the age
the senate, probably, but the house where there is a big sticking point. they have to come up with something that would clear the house in order to get through congress and become law. that is where they are stuck right now. they will meet thursday at the white house -- republican and democratic leaders together -- and going to try again to talk, but already it sounds like this will be a difficult conversation. yesterday, the speaker of the house john boehner, republican, put out this sort of...
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Jul 6, 2011
07/11
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KTVU
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from there is a big fog bank out there. yesterday it was very shallow and didn't make much of an impact but today it will. now here is sal. >>> steve, right now 880 is getting very slow. that is because of a crash up at 29th about a mile away from here. you can see traffic is stepping up. approaching the coliseum. you can see northbound 880 traffic up on the left of your screen is thick. now the accident is not injury but they are having trouble getting it out of the right lane. also this morning we are looking at the san mateo bridge. that traffic looks good heading out to 101. 6:01 let's go back to the desk. >>> a search will continue off of mexico's coast for seven missing fishermen who's boat capsized and sank. most of the passengers are from right here in the bay area. tara moriarty is joining us live in the newsroom with more on the families and those survivors who are hoping and hoping. tara. >> that is right. three brothers from the bay area survived the boat wreck. their little brother brian long of berkeley is sti
from there is a big fog bank out there. yesterday it was very shallow and didn't make much of an impact but today it will. now here is sal. >>> steve, right now 880 is getting very slow. that is because of a crash up at 29th about a mile away from here. you can see traffic is stepping up. approaching the coliseum. you can see northbound 880 traffic up on the left of your screen is thick. now the accident is not injury but they are having trouble getting it out of the right lane. also...
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Jul 6, 2011
07/11
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WETA
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there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota; the massive cheating scandal in atlanta's schools; southern sudan prepares for independence and the roger clemens perjury trial. but first, with the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama announced today he'll begin sending condolence letters to families of soldiers who commit suicide in combat zones. the decision reversed a policy that's been in place for years. military suicides have risen during the long-running wars in iraq and afghanistan. in his statement today, the president said, "these americans served our nation bravely. t
there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota;...
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Jul 6, 2011
07/11
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but there's also a big nothing bank out there. it will be warm to hot -- a big fog bank out there. it will be warm to hot. around the coast, 60s to 70s. >>> all air travel in phoenix is back to normal following a massive dust storm that spent across nasdaq, arizona. it's actually called -- phoenix, arizona. it's actually called a haboob. the storm caused low visibility. that's why air travel was stopped. high winds knocked down tree and lest thousands without power. several communities were under a -- left thousands without power. >>> you? reports say congress may make big rut 1 cuts for funding for road repairs and other transportation projects. >> reporter: something serious to consider during your next drive. the u.s. house transporttation committee considering spending $500 on -- $500 billion on this. now, they will, it looks like be cutting that in half, to $ $50 billion. >> i think what people are looking for is sound transporttation that doesn't burden the tax payer. >> reporter: a formal announcement from the u.s. house transportation committee expected sometime tomorrow. b
but there's also a big nothing bank out there. it will be warm to hot -- a big fog bank out there. it will be warm to hot. around the coast, 60s to 70s. >>> all air travel in phoenix is back to normal following a massive dust storm that spent across nasdaq, arizona. it's actually called -- phoenix, arizona. it's actually called a haboob. the storm caused low visibility. that's why air travel was stopped. high winds knocked down tree and lest thousands without power. several communities...
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Jul 6, 2011
07/11
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CSPAN
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so those are three big ones, and i'm sure i'm leaving lots of others off. now, whether or not they'll all get there this term depends on timing and a lot of other things. it should. there's the possibility that this term could be quite a dramatic one. >> other questions? yes, down here. >> picking up on ron and neal's colloquy there toward the end of the discussion wherein the lower courts tend to ignore, for lack of a better verb, the supreme court presence. how much of that, and i realize there's no perfect answer here, but opinions are interesting as far as i'm concerned, how much of that has to do with a willful desire to ignore the court, as ron hinted at, like you can't take them all, and how much of that will deal more with the fact that the court, the high court that is, has in its series of precedents that are relevant have stopped short of a bright line? that is to say, i'm thinking particularly of an oregon case, williamson v. philip morris, where punitive damages is the issue. the court in the last 15, 20 years offered several opinions that deal
so those are three big ones, and i'm sure i'm leaving lots of others off. now, whether or not they'll all get there this term depends on timing and a lot of other things. it should. there's the possibility that this term could be quite a dramatic one. >> other questions? yes, down here. >> picking up on ron and neal's colloquy there toward the end of the discussion wherein the lower courts tend to ignore, for lack of a better verb, the supreme court presence. how much of that, and i...
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Jul 6, 2011
07/11
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CSPAN2
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the third tax that the democrats talk about raise segregate old favorite, big oil. this is so targeted, it only hits five companies out of the whole world. five american companies. so never mind we're punishing american businesses, american oil companies, who are the same businesses other companies all over the world. they're not being punished. but, no, we're going to attack american businesses who employ 9.2 million americans. we're going to say that they have to pay higher taxes than other businesses who are just like them. there are three particular tax provisions -- other businesses goat take in r&d tax credit. arnth we all for research and development in yes, but not in the oil and gas industry. where might they put that research and development money? welling for example, into ensuring when they sink a well-well deep in the gulf of mexico, it will be environmentally safe. no, you can't deduct that. all other businesses will be able to, but not you. what sense does that make? it's bad policy. how about the usual and necessary business expense, the deduction fo
the third tax that the democrats talk about raise segregate old favorite, big oil. this is so targeted, it only hits five companies out of the whole world. five american companies. so never mind we're punishing american businesses, american oil companies, who are the same businesses other companies all over the world. they're not being punished. but, no, we're going to attack american businesses who employ 9.2 million americans. we're going to say that they have to pay higher taxes than other...